CBDT Sends Tax Notice on VDA and Crypto Investments

CBDT Sends Tax Notice on VDA and Crypto Investments – In a significant attempt to enhance compliance, the Income Tax Department has begun serving tax notices to people and companies dealing in Virtual Digital Assets (VDA) and crypto deals. This move signals a significant crackdown on offshore accounts and unreported income. If you've made a deal in USDT, Bitcoin, or any other cryptocurrency, this notice might be a wake-up call. Stay up to date, file your returns accurately, and avoid penalties. CBDT is monitoring — are you compliant? For more information, see our blog.

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